Oasis Petroleum plans $600 million 8.5-year notes as Tuesday drive-by

By Paul A. Harris

Portland, Ore., Sept. 10 - Oasis Petroleum Inc. has scheduled an investor conference call for 11:30 a.m. ET on Tuesday, according to a syndicate source.

Under discussion will be the Houston oil and gas exploration and production company's planned $600 million offering of 8.5-year senior notes (expected ratings B3/B).

The deal is set to price this afternoon.

Wells Fargo Securities LLC is the left bookrunner. Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets Corp. are the joint bookrunners.

BB&T Capital Markets, BBVA, BOSC Inc., Capital One, CIBC World Markets, Comerica Securities, HSBC, ING, Johnson Rice, RBS Securities Inc., Regency, Simmons & Co., UBS Investment Bank and U.S. Bancorp Investments Inc. are the co-managers.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

Proceeds will be used to fund a portion of the $1.4 billion West Williston acquisition.

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